Chicago Condo Directory

Prices for condos in Montclare dropped during the third quarter attracting more buyers to the neighborhood.

According to the Chicago Association of Realtors, the number of condos sold during the third quarter in the neighborhood jumped by 183 percent from the same period last year.  A total of 17 condos were sold during the quarter.

The drop in prices may have been one of the main reasons behind the increased activity in the real estate market in Montclare.  The average sales price was down 9 percent from last year, with a condo selling for an average of $180,594 during the quarter.

The increase in activity also took pressure off a market that had a large number of unsold properties sitting for an average of 150 days.  The turnover time in Montclare dropped to 119 days, a 21 percent decrease from last year.

It is a buyers market for condominiums in Montclare.  Buyers should expect to see further drops in prices as sales need to pick up even more to absorb the still large inventory of condos for sale in the area.

Find excellent Chicago Condos at affordable prices in Montclare today.

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If you’re in the market for a condominium in Albany Park, there are plenty of options for you to choose from in the neighborhood.

One of the most recent new developments to come on the market is located at 4607 N. Elston.  The development was completed last year, and units are still available.  Buyers can choose from several different floor plans, ranging from one to three bedrooms.

Prices for the luxury units start in the mid $300s.  Residents will enjoy an excellent range of amenities at 4607 N. Elston.  The condos come with granite countertops, a stainless steel appliance package, and custom cabinets.  The units also offer a fireplace, Whirlpool tub, and indoor heated parking.

Residents of Albany Park enjoy a calm and tranquil lifestyle minutes from the heart of the city.  Commuters have easy access to the downtown Chicago business district via CTA bus and El connections.

Sales of Chicago Condos in the area have slowed in recent years.  According to the Chicago Association of Realtors, a total of 77 condos were sold in Albany Park during the third quarter, a 19 percent drop from the same period.

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Sales of condominiums rebounded during the third quarter in Lincoln Square.  According to the Chicago Association of Realtors, a total of 153 condominiums were sold in the area during the third quarter, the highest total for the period in more than 15 years.

Sales were up 20 percent from the same period last year, making Lincoln Square one of just a few Chicago neighborhoods to see an increase in sales.

However, the number of condos for sale in Lincoln Square also climbed during the third quarter.  If you are selling your condo in the area, it will now take you 93 days to find a buyer, three days longer than last year.

The increase in demand couldn’t come at a better time for condo owners and developers.  Prices were down by more than 5 percent during the third quarter of 2006.  The average sales price for condos in Lincoln Square rose by 10 percent, and now stands at $298,861.

If demand continues to rise for Chicago Condos in Lincoln Square, buyers may not see lower prices over the next few months.  However, a decline in demand in many other neighborhoods around the city could spill over into Lincoln Square.

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